. Aurora Cannabis Generates $56 Million Revenue in Fiscal Q2
February 13, 2020 at 7:30 am
Published by NCV Newswire
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Aurora Cannabis Announces Second Quarter 2020 Results
Net Revenue ofÂ $66.6 million, excluding provisions ofÂ $10.6 million Net Cannabis Revenue, excluding provisions, ofÂ $63.2 million, In Line With Recent Guidance Cash Cost to Produce Per Gram Sold ofÂ $0.88 Successful Launch of Cannabis 2.0 Products Across Canada Consumer Cannabis Net Revenue, excluding provisions, Grows at 11% Over Prior Quarter EDMONTON,Â Feb. 13, 2020Â /PRNewswire/ â€“ Aurora Cannabis Inc. (the â€śCompanyâ€ť or â€śAuroraâ€ť) (NYSE | TSX: ACB), the Canadian company defining the future of cannabis worldwide, announced today its financial and operational results for the second quarter of fiscal 2020 endedÂ December 31, 2019.
Despite delivering modest growth in our core medical and consumer business in Q2, we took immediate and deliberate actions to align our Company to current market conditions.
Michael Singer, Executive Chairman and Interim CEO,Â Aurora Cannabis.
As announced last week, being a profitable cannabis company for our investors is the singular near-term focus for Aurora and we have begun to implement a business transformation plan where we intend to manage the business with a high degree of fiscal discipline.
Second Quarter 2020 Highlights
(Unless otherwise stated, comparisons are made between Fiscal Q2 2020 and Q1 2020 results and are in Canadian dollars)